Vetr Upgrades ArcelorMittal To 3 Stars

ArcelorMittal SA MT shares are trading up just under 10 percent over the past month entering Monday's open, and the Vetr community has upgraded the company from 2.5 to 3 stars. A large call purchase in early July has shot the company into an upward trend.

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Vetr members have given ArcelorMittal a Hold rating and a $5.90 price target. This price target is higher than the $5.10 price target from Wall Street analysts. The company opened Monday around $6.20.

Of all Vetr raters, 57.1 percent believe ArcelorMittal shareholders should sell the stock.

For Vetr's full analysis of ArcelorMittal, go here.